On Wed, 24 Mar 2010, Artur T. wrote:
Allin:
> > open denmark
> > vecm 2 1 LRM LRY IBO IDE
> > v2 <- restrict
> > b[1] + 1 = 0
> > end restrict --full
> >
> > Then open v2 in a GUI window and get impulse responses via the
> > Graph menu.
>
> Sorry, I think I did not explain it correctly.
>
> I know that I can restrict the model and run the impulse response
> analysis. What I was actually asking for is the so called persistence
> profile approach proposed by Pesaran/Shin ("Cointegration and speed of
> convergence to equilibrium" 1996 in Journal of Econometrics).
>
> There they shock the cointegrating relations directly and not the
> individual variables (as I understood it).
Well, you've got the companion matrix ($compan) so you should be
able to do that if you wish.
Allin
